Group 1: Core Insights - The financial performance of eight major city commercial banks shows positive growth in both revenue and net profit for 2024, with Jiangsu Bank leading in both categories, surpassing 80 billion and 30 billion respectively for the first time [4][6][7] - Nanjing Bank recorded the highest revenue growth rate at 11.3%, while Hangzhou Bank led in net profit growth at 18.1%. In contrast, Chongqing Bank had the lowest growth rates in both revenue and net profit, below 4% [4][6][7] - By the end of 2024, seven out of the eight city commercial banks reported double-digit growth in total assets, with Shanghai Bank lagging at 4.6% [6][12] Group 2: Revenue and Profit Analysis - The average revenue growth rate for the eight banks was 7.1%, while the average net profit growth rate was 8.7% [7] - Jiangsu Bank's revenue and net profit were 80.82 billion and 31.84 billion respectively, maintaining its top position. Ningbo Bank followed with revenues of 66.63 billion and net profits of 27.13 billion [7][8] - The profitability ratio, measured as net profit per 100 units of revenue, showed Chengdu Bank at 56, while Changsha Bank was the lowest at 30.8 [8] Group 3: Asset Quality and Risk Management - By the end of 2024, Chongqing Bank had the highest non-performing loan (NPL) ratio at 1.25%, while Shanghai and Changsha Banks followed with ratios of 1.18% and 1.15% respectively [12] - The provision coverage ratio for Chongqing Bank was the lowest at 245.08%, with Shanghai Bank at 269.81%. In contrast, six banks maintained coverage ratios above 300%, with Hangzhou Bank leading at 541.45% [12][13] Group 4: Individual Business Performance - Ningbo Bank's net interest income grew by 17.3% to 47.99 billion, while its fee and commission income fell by 19.3% to 4.66 billion [9][10] - Chongqing Bank reported a 2.6% decrease in net interest income to 10.18 billion, but a significant increase in fee income by 115.7% to 0.89 billion [10][11]

Core Viewpoint - Guangzhou Rural Commercial Bank has released its 2024 Environmental Information Disclosure Report, highlighting its commitment to green finance and environmental protection, aiming to become a green benchmark bank in the Guangdong-Hong Kong-Macao Greater Bay Area [1][2]. Group 1: Green Finance Development - The bank has implemented a strategic plan to promote green finance, aligning with national policies to achieve carbon peak and carbon neutrality goals, and has established a governance structure for green finance development [2][4]. - As of the end of 2024, the bank's green loan balance exceeded 60 billion yuan, representing a nearly 40% increase from the beginning of the year, with green loans accounting for 9.67% of total loans [1][3]. Group 2: Support for Green Industries - The bank is focusing on directing credit resources towards green industries, with new loans of 3.04 billion yuan issued in the ecological environment sector, and a total loan balance of 7.87 billion yuan, reflecting a year-on-year growth of 63.6% [3][4]. - In the manufacturing sector, the green loan balance reached 12.15 billion yuan, up 76.1% year-on-year, while loans for green labeled products approached 3.2 billion yuan, increasing by 72.4% [3][4]. Group 3: Innovative Financial Products - The bank has diversified its financial product offerings, launching over ten green financial products across credit, financing, and consumption sectors, enhancing service quality [5][6]. - Notable products include the "Golden Rice" series of green loans targeting renewable energy and energy-saving sectors, and the "Golden Rice Green Enterprise Loan" for quality green enterprises [5][6]. Group 4: Future Outlook - The bank aims to continue its commitment to ecological priority and green low-carbon development, striving to achieve its goal of becoming a green benchmark bank in the Greater Bay Area and contributing to national carbon neutrality objectives [6].

Core Viewpoint - Guangzhou Rural Commercial Bank has demonstrated steady growth in total assets and revenue while enhancing its support for the real economy, particularly in agricultural finance, as evidenced by its recent performance report and initiatives aimed at rural development [1][2][3]. Group 1: Financial Performance - As of the end of 2024, the bank's total assets reached 1.36 trillion yuan, with operating income of 15.832 billion yuan, indicating a steady increase in asset scale [1]. - The bank's agricultural loan balance stood at 40.135 billion yuan, with a 26.39% increase in the number of supported agricultural enterprises compared to the beginning of the year [1]. Group 2: Financial Innovation and Product Development - The bank established a working group for the "Hundred Counties, Thousand Towns, and Ten Thousand Villages" project, launching innovative financial products tailored to local agricultural needs, including the "Rural Revitalization Preferred Loan" with a credit limit of up to 50 million yuan [2]. - New financial products such as "Golden Rice Flower Loan" and "Golden Rice Homestay Loan" were introduced to support local特色产业 and promote rural tourism [3]. Group 3: Support for Rural Development - The bank has launched collective construction land "credit loans" and "project loans" to address the issue of rural property not being eligible for collateral, supporting over 100 projects with more than 2 billion yuan in funding [4]. - The bank's rural credit products have benefited nearly 6,500 households, with a total loan balance exceeding 2.2 billion yuan for various consumer loan products [4]. Group 4: Technological Empowerment and Governance - The bank has enhanced its technological capabilities in rural governance, implementing a rural asset management platform and various smart systems to improve financial services in rural areas [5][6]. - The "Village Asset Treasure" system has been deployed across multiple districts, with a significant increase in signed clients, indicating a successful outreach strategy [5]. Group 5: Community Engagement and Social Responsibility - The bank has actively engaged in community support, donating 1.9 million yuan and purchasing local agricultural products worth approximately 4.5 million yuan to aid rural enterprises [8]. - Initiatives like "Silver Society Assistance for Agricultural Promotion" have provided substantial financial support to over 230 administrative villages, reinforcing the bank's commitment to rural revitalization [8].

Core Viewpoint - Guangzhou Rural Commercial Bank is actively supporting the "12218" modern industrial system in Guangzhou by increasing credit support and enhancing operational characteristics [1][2]. Group 1: Financial Performance - As of the end of 2024, Guangzhou Rural Commercial Bank's total assets reached 1.36 trillion yuan, a year-on-year increase of 3.7% [1]. - The bank's total deposits amounted to 979.5 billion yuan, while total loans and advances were 720.2 billion yuan [1]. - In the first quarter, the bank issued over 6 billion yuan in loans to key areas of the "12218" system, supporting more than 800 enterprises, with a loan balance of 57 billion yuan, reflecting a growth of 4.1 billion yuan and a 7.8% increase compared to the beginning of the year [1]. Group 2: Support Measures for "12218" System - Guangzhou Rural Commercial Bank has established 29 industry task forces to create a focused service system for the "12218" modern industrial system, which includes dedicated personnel, exclusive products, professional approvals, specialized institutions, and targeted assessments [2]. - The bank has formed a dedicated service team of over 200 members, including client managers, risk managers, and product managers, to promptly respond to customer needs [2]. - Specialized products have been developed to support the "12218" system, and a professional review team has been set up to facilitate a green approval channel for related projects [2]. Group 3: Future Plans - The bank plans to continue implementing the high-quality development conference's spirit, emphasizing its role as a local legal entity bank, enhancing customer service, and strengthening operational characteristics to lead the support for modern system construction and high-quality development [3].

Core Viewpoint - Guangzhou Rural Commercial Bank has shown signs of improvement in its 2024 performance, with key metrics indicating a stabilization in revenue decline and an enhancement in asset quality [1][2][3] Group 1: Financial Performance - Total assets reached 1,362.408 billion yuan, an increase of 48.365 billion yuan, or 3.68% from the beginning of the year [1] - Operating income was 15.832 billion yuan, while net profit stood at 2.416 billion yuan [1] - The non-performing loan (NPL) ratio improved to 1.66%, a decrease of 0.21 percentage points from the end of the previous year, marking the lowest level in nearly five years [1] Group 2: Asset Quality and Capital Strength - The bank's provision coverage ratio was reported at 184.34% [1] - Capital adequacy ratios exceeded regulatory standards, with capital adequacy ratio at 14.52%, Tier 1 capital ratio at 11.42%, and core Tier 1 capital ratio at 9.90%, reflecting slight year-on-year increases [1] - The successful issuance of perpetual bonds and an increase in excess loss provisions contributed to a net capital increase of 10.378 billion yuan from the previous year [1] Group 3: Growth in Small and Medium-Sized Loans - The bank's cumulative small and medium-sized loan issuance exceeded 100 billion yuan, representing a nearly 50% year-on-year growth [2] - The balance of loans to small and medium-sized enterprises under 50 million yuan reached 54.05 billion yuan, up 41.7% from the beginning of the year, with a 13.1% share in corporate loans, an increase of 3.8% [2] - Retail loan balance was 86 billion yuan, reflecting a 16.8% growth from the start of the year [2] Group 4: Future Outlook - The bank plans to actively engage in "Asset Efficiency Year" activities in 2025, focusing on regional industries and enhancing the proportion of small and medium-sized loans, second industry loans, and fixed asset loans [3] - Recent reforms are expected to yield positive results, with key performance indicators such as operating income, NPL ratio, and capital adequacy ratio showing signs of recovery [3] - Analysts suggest that as the pressure from industry-wide interest margin narrowing eases, net interest income and net profit are likely to stabilize and recover in the future [3]

Core Insights - Guangzhou Rural Commercial Bank reported a decline in operating income and net profit for the year 2024, with operating income at 15.832 billion yuan, down 12.79% year-on-year, and net profit at 2.416 billion yuan, down 25.89% year-on-year [2] Financial Performance - Interest income for 2024 was 37.96 billion yuan, a decrease of 3.786 billion yuan year-on-year [2] - Non-interest income included net fee and commission income of 562 million yuan, down 286 million yuan year-on-year, accounting for 3.55% of total operating income; trading net income was 384 million yuan; and net financial investment income was 1.226 billion yuan [2] - The net interest margin decreased by 27 basis points to 1.06%, while the net interest yield fell by 28 basis points to 1.11% [2] Business Scale - As of the end of 2024, total assets reached 1,362.408 billion yuan, an increase of 48.365 billion yuan, or 3.68% from the beginning of the year [3] - Total loans and advances decreased by 11.084 billion yuan, a decline of 1.52%, while financial investments increased by 35.03 billion yuan due to increased bond investments [3] - Funds lent out increased by 15.331 billion yuan, reflecting adjustments based on market conditions and internal asset-liability arrangements [3] Asset Quality - The non-performing loan ratio stood at 1.66%, a decrease of 0.21 percentage points year-on-year, with a provision coverage ratio of 184.34% [3] - By product type, the non-performing loan ratio for corporate loans was 1.55%, down 0.73 percentage points from the previous year, while the non-performing loan ratio for personal loans rose to 2.89%, an increase of 0.68 percentage points [3] Future Outlook - The bank's president, Deng Xiaoyun, indicated plans for 2025 to deepen regional industry engagement, enhance industry research, and increase the proportion of small and medium-sized loans, second industry loans, and fixed asset loans to establish a more scientifically rational asset layout for sustained profitability [3]

Core Viewpoint - Guangzhou Rural Commercial Bank reported a decline in both revenue and net profit for the year 2024, indicating ongoing challenges in its financial performance while focusing on the development of small and medium-sized enterprises (SMEs) as a key growth area [1][2][4]. Financial Performance - In 2024, the bank achieved an operating income of 15.832 billion yuan, a year-on-year decrease of 12.79% [1] - The net profit for the year was 2.416 billion yuan, down 25.89% compared to the previous year [1] - Net interest margin stood at 1.06%, with a non-performing loan ratio of 1.66% [1] Asset Quality and Management - The total assets of the bank reached 1.3624 trillion yuan by the end of 2024, an increase of 48.365 billion yuan, or 3.68% from the beginning of the year [1][3] - The non-performing loan ratio decreased to 1.66%, the lowest level in nearly five years, down 0.21 percentage points from the previous year [3] - The provision coverage ratio improved to 184.34%, up 19.71 percentage points year-on-year, while the capital adequacy ratio rose to 14.52%, an increase of 0.85 percentage points [3] SME Business Development - The bank initiated the "Three Hundred Billion Project" in 2023, aiming to achieve a scale of 100 billion yuan each in SME loans, inclusive finance for small and micro enterprises, and retail loans within 2 to 3 years [1][4] - In 2024, the bank disbursed over 100 billion yuan in SME loans, marking a nearly 50% increase year-on-year [1][5] - Retail loan balance reached 86 billion yuan, with a year-on-year increase of 16.8% [5] Strategic Initiatives - The bank's board approved a plan to issue financial bonds up to 40 billion yuan, with an annual issuance limit of 15 billion yuan, to optimize asset-liability matching and support long-term asset business [1] - The bank has been conducting a series of thematic years since 2021, with 2025 designated as the "Asset Efficiency Year," focusing on improving asset quality and profitability [5]

Loan Growth and Quality - Guangzhou Rural Commercial Bank's total small and micro loans exceeded RMB 100 billion, representing a nearly 50% year-on-year growth[9]. - The proportion of loans under RMB 50 million significantly increased by the end of the year, indicating a shift towards smaller loan sizes[9]. - The bank's asset quality improved, with effective management of financial costs and a focus on risk control[8]. - Non-performing loan ratio decreased to the lowest level in five years, while provision coverage ratio and capital adequacy ratio improved[16]. - Agricultural loans exceeded CNY 40 billion, with over 1,000 agricultural households and enterprises benefiting from diversified rural financial services[17]. - Loans to specialized, innovative, and high-tech enterprises surpassed CNY 20 billion, with significant growth in medium to long-term loans for manufacturing and green loans[17]. - The bank's small loan product system was fully constructed, including a "2+3+N" model for corporate and inclusive small loans[9]. - The bank's management emphasized a quality-first and benefit-first approach throughout its operational management[8]. - The bank's loan business for small and medium-sized enterprises reached RMB 54.05 billion, growing by 41.7% year-on-year, with a market share increase of 3.8 percentage points[101]. Financial Performance - Total assets and total liabilities reached CNY 1.36 trillion and CNY 1.26 trillion respectively by the end of 2024, with operating income of CNY 15.832 billion and net profit of CNY 2.416 billion for the year[16]. - Net profit for 2024 was RMB 2,415.54 million, a decline of 25.89% compared to RMB 3,259.51 million in 2023[31]. - Total operating income decreased by 12.79% to RMB 15,831.68 million in 2024 from RMB 18,154.13 million in 2023[31]. - Pre-tax profit fell by 49.38% to RMB 1,474.48 million in 2024, down from RMB 2,912.88 million in 2023[31]. - Net interest income for 2024 was RMB 13,614.75 million, a decrease of 17.90% compared to RMB 16,583.43 million in 2023[31]. - The bank's trading net income increased by 251.83% to RMB 383.56 million in 2024 from RMB 109.02 million in 2023[49]. - The bank's interest income decreased by 9.07% to RMB 37,959.98 million in 2024 from RMB 41,745.75 million in 2023[49]. Risk Management and Compliance - The company emphasizes compliance and risk control as a foundation for high-quality development, focusing on accelerating the clearance of existing risks to support business growth[20]. - The bank plans to continue its strategic focus on risk control and asset quality improvement, with a dual approach to managing existing and new risks[19]. - The bank has implemented over 10 new risk management policies, enhancing credit support for small and micro enterprises, rural revitalization, and green finance[131]. - The company has refined its operational risk management framework, enhancing data governance and implementing detailed management responsibilities[141]. - The company has strengthened compliance risk management by optimizing the regulatory framework and enhancing supervision of compliance execution[144]. - Legal risk management has been enhanced through regular training and optimization of agreement templates to prevent litigation risks[145]. Digital Transformation and Innovation - The company aims to enhance its strategic leadership, professional research, and data insights capabilities, promoting digital transformation and AI integration across operations[22]. - The bank is focusing on digital financial development, including the introduction of a heterogeneous big data platform to support real-time decision-making[47]. - The bank's digital transformation efforts included the launch of the "Gold Rice Shelf" module in mobile banking, enhancing investment service standardization[107]. - The bank has successfully implemented 22 system construction projects, including second-generation payment and credit card marketing decision-making systems, enhancing digital capabilities in small and medium asset businesses[120]. Customer Service and Community Engagement - The bank received a total of 1,478 consumer complaints in 2024, achieving a 100% resolution rate and a customer service satisfaction rate of 99.2%[155]. - The bank's marketplace helped sell nearly 44,000 agricultural products in 2024[130]. - The bank has established a total of 25 Zhujiang Village and Town Banks across 9 provinces and cities nationwide[158]. - The bank has implemented a marketing whitelist model for rural residents, leading to a growth rate of over 50% in consumer loan products[167]. - The bank has actively participated in the "2024 Guangzhou Urban Modern Agriculture and 'Hundred Thousand Project' Typical Village Investment and Intelligence Attraction Activities," attracting nearly 100 enterprises and institutions[165]. Awards and Recognition - The company ranked 234th in the 2024 Global Bank Brand Value Top 500, as reported by Brand Finance and The Banker magazine[28]. - The company was recognized as a recommended case for the "Hundred Thousand Ten Thousand Project" by the Guangdong Economic Research Center in May 2024[28]. - The company received an AA ESG rating in the 2024 Top 20 Comprehensive ESG Performance of Rural Commercial Banks list[28]. - The company was awarded the 2024 Excellent Retail Bank Award by Daily Economic News in November 2024[28]. - The company was recognized as the Best Retail Service Bank of the Year by New Express in November 2024[28].

Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching RMB 1.2 billion for the first half of 2024[6]. - The company provided a positive outlook, projecting a revenue growth of 10-12% for the second half of 2024[6]. - The company reported a net profit margin of 25%, maintaining strong profitability despite market challenges[6]. - For the first half of 2024, the company reported a net profit of RMB 1.70 billion, a decrease of RMB 688.09 million or 28.81% year-on-year[22]. - Total operating income decreased by 21.86% to RMB 7,345.96 million from RMB 9,401.40 million year-on-year[16]. - The company’s commission and fee income decreased by RMB 176.18 million or 25.69% to RMB 509.51 million[22]. - The company experienced a credit impairment loss of RMB 2.92 billion, which was a reduction of RMB 1.02 billion or 25.89% from the previous year[22]. - The total operating income for the six months ended June 30, 2024, was RMB 7,345.96 million, a decrease from RMB 9,401.40 million for the same period in 2023[91]. Asset and Liability Management - Total assets increased by 12% to RMB 50 billion, reflecting robust growth in the company's financial position[6]. - The total assets as of June 30, 2024, increased by 1.15% to RMB 1,329,110.40 million from RMB 1,314,042.45 million at the end of 2023[16]. - Total liabilities reached RMB 1,229,019.95 million, up RMB 115.18 million or 0.95% from the end of 2023, driven mainly by growth in customer deposits[66]. - Customer deposits totaled RMB 967,647.11 million, an increase of RMB 204.61 million or 2.16% from the end of 2023, with individual deposits making up 61.06% of the total[68]. - The total equity of shareholders was RMB 100,090.45 million as of June 30, 2024, reflecting an increase from RMB 96,540.88 million at the end of 2023[70]. Loan and Credit Quality - Customer loans and advances net amount increased by 1.83% to RMB 721,902.37 million from RMB 708,908.58 million[16]. - The non-performing loan ratio remained stable at 1.87% as of June 30, 2024[18]. - The overdue loans increased by RMB 6,332 million compared to the end of 2023, indicating a growing concern in loan repayment[83]. - The total non-performing loans (NPL) reached RMB 13,937.86 million, with a non-performing loan ratio of 1.87%, slightly down from 1.87% at the end of 2023[80]. Digital Transformation and Innovation - The company is investing RMB 50 million in technology research and development to enhance digital banking services[6]. - The company is advancing its digital transformation strategy from 2023 to 2025, focusing on small and medium asset business digitization[133]. - The bank's digital transformation in rural finance has led to the signing of 1,351 customers for the village financial service product[110]. - The company successfully launched five system construction projects, including a credit card marketing decision platform, supporting overall business development[133]. - Mobile banking customers increased by 7.1% to 4.44 million, reflecting a strong digital transformation[128]. Market Position and Growth Strategy - User data showed a growth in active accounts by 20%, totaling 3 million active users as of June 30, 2024[6]. - Market expansion plans include opening 5 new branches in key urban areas by the end of 2024[6]. - The company is considering strategic acquisitions to enhance its market position, with a budget of RMB 300 million allocated for potential deals[6]. - The company plans to enhance its support for local industries and improve its retail product offerings in the second half of 2024[170]. Risk Management - The bank's liquidity risk management policies are effective, with liquidity risk indicators exceeding regulatory requirements[144]. - The bank's credit risk management remains stable, with non-performing loan ratio and non-performing asset ratio meeting regulatory requirements[143]. - The compliance risk management system has been optimized, with a new compilation of regulations published for 2024 to enhance standardization and effectiveness[151]. - A comprehensive reputation risk management system has been established, including 24/7 monitoring and proactive public relations efforts[156]. Shareholder Structure - The total share capital of the company increased to 14,409,789,327 shares after the issuance of 550 million H-shares and 2.409 billion domestic shares on December 29, 2023[178]. - The top ten shareholders collectively hold 51.78% of the shares, with the largest shareholder, Guangzhou Financial Holdings Group Co., Ltd., owning 8.29%[180]. - The shareholding structure is relatively dispersed, with no single entity holding a majority stake[180]. - The company does not have a controlling shareholder or actual controller as of the end of the reporting period[185].

Financial Performance - Net interest income for the six months ended June 30, 2024, was RMB 6,269.97 million, a decrease of 26.76% compared to RMB 8,560.54 million for the same period in 2023[20]. - Total operating income decreased by 21.86% to RMB 7,345.96 million from RMB 9,401.40 million year-on-year[20]. - Pre-tax profit fell by 41.77% to RMB 1,399.80 million, down from RMB 2,404.01 million in the previous year[20]. - Net profit attributable to shareholders decreased by 28.81% to RMB 1,700.64 million from RMB 2,388.73 million year-on-year[20]. - The company's total operating income for the first half of 2024 was RMB 7.35 billion, down RMB 2.06 billion or 21.86% from RMB 9.40 billion in 2023[26]. - The net profit for the first half of 2024 was RMB 7,345.96 million, a decline of 21.8% compared to RMB 9,401.40 million in the same period of 2023[95]. Asset and Liability Management - Total assets increased by 1.15% to RMB 1,329,110.40 million as of June 30, 2024, compared to RMB 1,314,042.45 million at the end of 2023[20]. - Total liabilities increased by 0.95% to RMB 1,229,019.95 million from RMB 1,217,501.57 million[20]. - Customer deposits grew by 2.16% to RMB 967,647.11 million compared to RMB 947,186.02 million at the end of 2023[20]. - The total amount of loans and advances was RMB 744.03 billion, an increase of RMB 127.08 billion or 1.74% from the end of the previous year[58]. - The total financial investments amounted to RMB 421.95 billion, reflecting an increase of RMB 11.05 billion or 2.69% driven by increased bond investments[67]. Capital Adequacy and Risk Management - The core tier 1 capital adequacy ratio decreased to 9.47% in 2024 from 9.83% in 2023, a decline of 0.36 percentage points[26]. - The company’s capital adequacy ratio is calculated based on the new regulatory framework effective from 2024, using risk-weighted assets for credit, market, and operational risks[89]. - The overall credit risk remains controllable, with asset quality stable and non-performing loan ratios meeting regulatory requirements[148]. - The liquidity risk level of the group is reasonable and controllable, with liquidity indicators exceeding regulatory requirements[149]. - The group conducted quarterly liquidity risk stress tests, demonstrating sufficient risk mitigation capacity under stress scenarios[149]. Customer and Market Engagement - The bank's corporate deposit scale ranked fourth in the Guangzhou region as of June 30, 2024[101]. - Supply chain financial service customers exceeded 1,300, marking an 85.71% increase year-on-year[102]. - Retail loan business achieved steady growth by focusing on small and medium consumer scenarios, enhancing financial service levels, and innovating product offerings[104]. - Personal deposit business maintained stable growth, with the bank ranking second in personal deposit scale among peers in Guangzhou by the end of the reporting period[105]. - Wealth management business saw an increase in private diamond clients to 15,700, emphasizing a customer-centric approach and optimizing product systems[107]. Digital Transformation and Technological Innovation - The bank is committed to advancing digital transformation with a focus on technological innovation and efficiency improvement, increasing technology resource investment[136]. - The bank has established a top-down information technology management structure, enhancing technology governance and risk management capabilities[137]. - The bank achieved a "zero accident" goal in network and data security, with no major information security incidents reported in the first half of 2024[140]. - The bank completed upgrades to 96 application systems for emergency switching drills, enhancing its emergency response capabilities[141]. - The bank is actively promoting the implementation of a three-year data governance plan, focusing on data asset management and security[138]. Shareholder Structure and Governance - The total share capital of Guangzhou Rural Commercial Bank is 14,409,789,327 shares, with no changes during the reporting period[178]. - The largest shareholder is Guangzhou Financial Holdings Group, holding 1,194,271,140 shares, representing a significant stake in the company[199]. - The top ten shareholders collectively hold 51.78% of the bank's total shares, with the largest shareholder, Guangzhou Financial Holdings Group, owning 8.29%[188]. - The company has a diverse shareholder base, with significant stakes held by various government and investment entities[199]. - The report indicates that all major shareholders are not pledging their shares, suggesting stability in ownership[199].